SEC Form 4 · accession 0001662857-18-000002
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elaina Shekhter
Officer — SVP, Chief Marketing Officer
Period of report
Mar 23, 2018
Accepted (ET)
Mar 27, 2018 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001352010
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| EPAM Common StockF1 | Mar 23, 2018 | F | 268 | $112.62 | D | 10,190 | D | |
| EPAM Common StockF2 | Mar 23, 2018 | A | 2,806 | $0.00 | A | 12,996 | D | |
| EPAM Common StockF1 | Mar 24, 2018 | F | 319 | $112.62 | D | 12,677 | D | |
| EPAM Common StockF1 | Mar 25, 2018 | F | 339 | $112.62 | D | 12,338 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $112.62 | Mar 23, 2018 | A | 7,496 | A | — | Mar 23, 2028 | EPAM Common Stock | 7,496 | 7,496 | D |
Explanation of responses
- F1These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.
- F2Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.
- F3The option will become exercisable as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.